BWX Technologies, Inc. (NYSE:BWXT – Get Rating) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 2,870,000 shares, a drop of 5.3% from the August 31st total of 3,030,000 shares. Based on an average daily volume of 521,900 shares, the short-interest ratio is currently 5.5 days. Currently, 3.2% of the shares of the stock are sold short.
BWX Technologies Trading Down 0.9%
Shares of NYSE BWXT opened at $50.37 on Monday. The company’s fifty-day moving average is $53.62 and its 200-day moving average is $53.13. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 2.42 and a beta of 0.79. BWX Technologies has a twelve month low of $42.58 and a twelve month high of $62.53. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.96.
BWX Technologies (NYSE:BWXT – Get Rating) last announced its quarterly earnings results on Monday, August 8th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. The company had revenue of $554.00 million for the quarter, compared to analysts’ expectations of $544.13 million. BWX Technologies had a net margin of 14.27% and a return on equity of 46.29%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. Equities research analysts predict that BWX Technologies will post 3.21 EPS for the current year.
BWX Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Friday, August 19th were given a $0.22 dividend. The ex-dividend date was Thursday, August 18th. This represents a $0.88 annualized dividend and a yield of 1.75%. BWX Technologies’s dividend payout ratio is currently 26.27%.
Analyst Rating Changes
Separately, StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, September 24th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.
Institutional Investors Weigh In On BWX Technologies
Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in BWX Technologies by 1,014.1% during the 4th quarter. Millennium Management LLC now owns 1,644,506 shares of the technology company’s stock worth $78,739,000 after buying an additional 1,496,896 shares in the last quarter. Victory Capital Management Inc. lifted its position in BWX Technologies by 3,071.3% during the 1st quarter. Victory Capital Management Inc. now owns 784,663 shares of the technology company’s stock worth $42,216,000 after buying an additional 759,920 shares in the last quarter. Hawk Ridge Capital Management LP lifted its position in BWX Technologies by 178.4% during the 1st quarter. Hawk Ridge Capital Management LP now owns 796,415 shares of the technology company’s stock worth $42,895,000 after buying an additional 510,312 shares in the last quarter. Capital Research Global Investors lifted its position in BWX Technologies by 25.2% during the 4th quarter. Capital Research Global Investors now owns 2,421,505 shares of the technology company’s stock worth $115,942,000 after buying an additional 488,000 shares in the last quarter. Finally, Invesco Ltd. lifted its position in BWX Technologies by 151.0% during the 1st quarter. invesco ltd now owns 737,554 shares of the technology company’s stock worth $39,725,000 after buying an additional 443,758 shares in the last quarter. 99.97% of the stock is owned by institutional investors.
About BWX Technologies
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BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration’s Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.
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